ISPFCU held its 2012 Annual Meeting
Friday, June 29, 2012 at the Northfield Inn in Springfield,
Illinois. Members in attendance were informed of the current
financial state of the institution by the officials and management
staff of the Credit Union.
Chairman Jim Aggertt reported on the
tremendous volunteer base the Credit Union enjoys and the excellent
cooperation and communication between those volunteers and the
staff. Treasurer Terry Zeisset reported on the financial results
from 2011 and stressed that although it was a challenging year
ISPFCU remains financially strong and will remain that way into the
future. Chief Executive Officer Megan Becker gave detailed
information in regards to the challenges the organization faced as
well as an overview of key growth and statistical information from
2011. Chairman of the Election Committee Gary Dodson presented the
2012 election results.
Preceding the conclusion of the Annual
Meeting officials and management staff held an open forum where they
addressed questions and comments from the members in attendance.
Questions included:
- Member experienced issues getting
service at a credit union. It was determined that the credit
union was not a Shared Branch participant and as such the member
would have to use their debit card to get cash at the ATM. Staff
told the members in attendance that if they ever experienced
issues to please contact ISPFCU for assistance.
- Member questioned why the Other
Assets decreased in 2011. Management reviewed the figures and
determined this reduction was due to pending mortgage loans
which had been closed, but not yet sold to Fannie Mae as well as
the sale of a foreclosed property during the 2011 year. These
amounts totaled almost $800,000.
- Member experienced issues when
accessing his accounts at a Shared Branch participant credit
union. Staff advised the member that they would check into the
issue and told him to contact an ISPFCU representative if he
experienced future issues.
After the conclusion of the open forum the members in attendance joined the officials and management staff for lunch and a raffle drawing.